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The real accounts are accounts of Assets, Liabilities and

A. Expenses

B. Revenues

C. Capital

D. Drawing

Answer: Option C

Solution(By Examveda Team)

The real accounts are accounts of Assets, Liabilities and Capital. The accounting formula essentially shows that what the firm owns (its assets) is purchased by either what it owes (its liabilities) or by what its owners invest (its shareholders equity or capital).

This Question Belongs to Commerce >> Accounting

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Comments ( 2 )

  1. Prof Nandish
    Prof Nandish :
    5 years ago

    How it cover all three

  2. Dewas Basnett
    Dewas Basnett :
    6 years ago

    How is capital a real account.
    It should be a personal one.

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